The Wall Street Journal today discusses how the growth in federal subsidies for college has contributed to the growth in college costs for students. Cato scholars have been arguing for years that rising grants and loans are not so much helping students, but causing bloat in college administration costs, including wages, benefits, and excess building construction. It is a similar […]
Chris Edwards is director of tax policy at the Cato Institute and author of Downsizing the Federal Government.
Yet another giant company has plunging sales, soaring debt, and is weighed down by massive labor costs. Will taxpayers have to pay for another federal bailout? Alas, it’s already in the cards because this company is the U.S. Postal Service, which has estimated losses of $7 billion this year. With email grabbing ever more market […]
Senator Tom Coburn (R-OK) and fellow reformers on Capitol Hill have so far met with limited success in their efforts to cut government waste, but they have garnered a lot of attention from popular websites and blogs. And that’s about to become the basis of their strategy. Mr. Coburn has proposed a bill to create […]
As the 109th Congress settles into its normal rhythms, Republican leaders face crucial decisions on the policy direction of their party. After 10 years in power, the exact things that Republicans said were wrong with prior Congresses have become worse under their control. The GOP is responsible for record high deficits and their policies have […]